April 20, 2024

The trader said when to wait for the correction of the price of bitcoin to the level of $ 6000

Amsterdam Stock Exchange trader Michael van de Poppe published a disappointing price forecastBitcoin, despite the current rally. He believes that after a halving price correction will follow.

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The current growth, in his opinion, is due to expectations of halving the block reward. As soon as this happens, sales will begin, he is sure.

As can be seen on the chart, its scenario involves a decrease in the region of $ 5900. After that, according to van de Poppe, a new round of the bull market will begin.

Not all users liked his forecast.

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Recall that on April 29, the price of bitcoin overcame two levels at once - $8000 and $8500.If the price ends the month above $6428, April 2020 will becomeThis is the fifth April in a row during which bitcoin has been growing.